Aug 24 2010

The trillion dollar bailout you didn’t hear about – Commercial real estate values plummet again yet banks hide losses. A $3.5 trillion financial disaster in the making. We are now proud owners of an AMC theater and Chick-fil-A.

The latest data on existing home sales should tell you exactly where we are in this so called recovery.  Average Americans are unable to purchase big ticket items without massive government subsidies.  It is also the case that all the too big to fail banks are standing only because of the generous support of taxpayer […]

Aug 21 2010

Sin City and Nevada suffer brunt of recession – 25 percent underemployment rate for Nevada reflecting depression like stats. Foreclosure data on home that was picked up for $120,000 but had a second mortgage of $1.2 million.

The great recession has touched every state across the United States with a reverse Midas touch.  Every average American has felt this recession to one degree or another.  Yet few states have felt the economic implosion like Nevada.  Here we have a state that highlights the heavy reliance on the housing bubble, conspicuous consumer spending, […]

Aug 17 2010

As more Americans save the typical too big to fail banking savings account is paying close to 0 percent in interest. At the same time the average credit card interest rate is over 14 percent.

The one silver lining of this crisis if there is one to be had is that many more Americans are actually saving more money.  However the problem that many now face is historically low interest rates through bank savings accounts.  Average Americans have few places to go receive a decent return (5% or lower) without […]

Aug 3 2010

Commercial real estate maturities will peak in 2012 – $350 billion in loans coming due and hundreds of additional bank failures. Bank lending in the CRE market collapsing.

The commercial real estate disaster is sinking banks on a weekly basis.  Talk of a V-shape recovery is now largely a moot point since we are past the point of a quick and strong recovery.  The question now revolves around what we are going to face for the next few years.  Commercial real estate really […]

Jun 5 2010

FDIC massive problems ahead with smaller bank failures. 105 banks hold 77 percent of all banking assets. $10 trillion held in too big to fail while 775 banks appear on the FDIC problem list.

The FDIC went ahead and closed another handful of banks this Friday.  It really is a rare day to see 400,000+ jobs added and the market retreat so significantly.  A large part of the gains came from temporary Census hiring which peaked last month.  If the economy were really recovering banks wouldn’t be failing on […]

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